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Assistant Professor of Finance and Business Economics
University of Southern California
Los Angeles, CA, 90089
Tel (Office): (213) 821-9887
Email: miao.zhang@marshall.usc.edu
Curriculum Vitae | Google Scholar Page

Working Papers

The Great Divorce Between Investment and Profitability: Implications for Asset Pricing
(with Mete Kilic and Louis Yang)
Journal of Financial Economics, Revise and resubmit
~AFA, SFS Cavalcade, Minnesota Junior Conference, ITAM Conference, Midwest Finance Association, ...
This is substantially revised version of "The Great Divorce Between Investment and Profitability: A Duration-Based Explanation"

Regulation and Technology-Driven Entry: Measurement and Micro-Evidence
(with Michael Simkovic) August 2020
Slides | Media
~NBER Summer Institute, ALEA (NYU)...
Previously titled "Measuring Regulation: A Labor-Task Based Approach"


Published Papers

Trading Up and the Skill Premium
(with Nir Jaimovich, Sergio Rebelo, and Arlene Wong)
NBER Macroeconomics Annual, 2019, 34, 285-316
Slides | NBER Presentation

Local Risk, Local Factors, and Asset Prices
(with Selale Tuzel)
Journal of Finance, 2017, 72(1), 325-370
Slides | Appendix | Data

Suitability Check and Household Investments in Structured Products
(with Eric Chang and Dragon Tang)
Journal of Financial and Quantitative Analysis, 2015, 50(3), 597-622
Appendix